v3.20.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues, net of allowances    
Total revenues, net of allowances $ 19,090,071 $ 15,289,400
Cost of Goods Sold    
Total cost of goods sold 13,475,947 11,794,206
Gross profit 5,614,124 3,495,194
Operating expenses:    
Selling, general and administrative expenses 12,078,762 6,937,704
Litigation expense 1,192,488
Research and development 2,116,018 1,816,389
Total operating expenses 14,194,780 9,946,581
Loss from operations (8,580,656) (6,451,387)
Other income (expense)    
Inducement cost for debt conversions (3,542,161)
Interest expense (972,165) (3,321,439)
Change in fair value of warrant derivative 5,251,852 (14,336,425)
Total other income (expense) 4,279,687 (21,200,025)
Loss before provision for income taxes (4,300,969) (27,651,412)
Provision for income taxes
Net loss (4,300,969) (27,651,412)
Accretion of Redeemable Convertible Preferred Stock Dividend (3,667,620)
Common Stock Deemed Dividend (980,375)
Net loss attributable to common stockholders $ (4,300,969) $ (32,299,407)
Basic and Diluted Net Loss Per Share $ (0.14) $ (7.22)
Weighted Average Number of Shares Outstanding - Basic and Diluted 31,007,384 4,476,403
Metal Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 8,987,088 $ 7,174,618
Cost of Goods Sold    
Total cost of goods sold 6,285,750 5,897,354
Soft Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 10,102,983 8,114,782
Cost of Goods Sold    
Total cost of goods sold $ 7,190,197 $ 5,896,852

Source